Trading Edges That Last
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Lawrence's Comment Recap Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint. Outlook Thin rising channels do not last. They are also ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORES&P 500 Nov 10 to Nov 14 Outlook3DP Odds Table (AUDUSD) 2021-04-273DP Odds Table (AUDUSD) 2012-06-01Nasdaq 100 Jan 23 to Jan 27 OutlookGBPUSD Oct 28 to Nov 01 OutlookS&P 500 Apr 11 to Apr 15 OutlookNasdaq 100 Apr 03 to Apr 07 OutlookPrecog Vision – Forex 2020-9-9Intraday Cycle Projection (AUDUSD) 2012-12-133DP Odds Table (AUDUSD) 2012-04-16
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AUDUSD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
FBO against Y+1 and collapsed immediately. Flushed down to below Y-2. Printed almost 200% absolute range expansion before Aussie could bounce. The overshoot both ways scenario unfolded as expected. Closed the week below Y-1 and midpoint.
Outlook
Gold made a breakout to upside move by end of last week while Aussie could not even push back up to Y-1. It is bearish for both gold and Aussie. As long as B-0 is acting as resistance, retest of B-1 is likely.
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